ETC altcoin's hashrate hits ATH

Due to Ethereum's future merging, its alternative ETC is up 150% in the last month.

Despite the huge rise, the bears still took the upper hand, the shorters of this token are very happy about. Investors have not stopped believing in the rebirth cause of the overall hashrate on the network has reached its ATH (highest ever).

And these hopes r not without reason. Because after the future merger of Ethereum, miners from all over the world will have to look for an alternative. After all, Buterin envisages a merger date of September 15.

At the moment, the network has a hash rate of 37.41 Terahashes per second. This strong growth suggests that miners r switching from regular Ethereum to Ethereum Classic.

JP Morgan market strategists have predicted that ETC is likely to be one of the main beneficiaries of the merger. The truth may very well not be far away from this scenario.